Capability Development Grant

The Capability Development Grant is an initiative of the Singapore Workforce Development Agency to help companies put in place HR systems to facilitate practices in prepration for the re-employment of workers above 62 years old.

Eligibility Criteria

To be eligible, companies must:

a) be registered or incorporated in Singapore;

b) have at least 30% local shareholding;

c) have group fixed assets not exceeding SGD 15 million;

d) have a minimum of 5 employees with CPF contributions; and

e) have less than 200 employees.

Companies that have previously recieved any form of funding support under the ADVANTAGE! Scheme or have attended the PREPARE program before 1 April 2010 are not eligible.